Energy storage specialist Energy Vault Holdings and its Australian development partner Bridge Energy Pty Ltd. have secured a 14-year service agreement (LTESA) for a battery energy storage system (BESS) project in New South Wales.
The 100-megawatt / 870- megawatt hours Ebor BESS project will provide eight hours of dispatchable energy and will store solar and wind generation during periods of excess renewable generation and discharge during peak demand.
Robert Piconi, Chairman and CEO of Energy Vault, said: “We continue to execute on our growth strategy in Australia in securing long term and attractive energy storage infrastructure projects, and our partner Bridge Energy is a key component of that strategy.
“Supporting Bridge Energy on achieving this award represents another important growth milestone in advancing our Energy Asset Management strategy in owning and operating energy assets over the long term.
“Building on the success on the development and acquisition of the 1 GWh Stoney Creek BESS just last year providing long duration energy storage solutions, we are proud to deepen our commitment to New South Wales and the local communities and stakeholders that we support and are serving there.”
Energy Vault intends to acquire the project, with plans to develop it to completion before proceeding to build, own, and operate it.
The project is currently in the development phase with local consultation underway.
The Ebor facility will use Energy Vault’s proprietary B-VAULT technology and Vault-OS energy management software to provide grid firming services.
Commercial operations are expected to commence in 2028.
Daniel Hamel, CEO of Bridge Energy, said: “The Ebor BESS is a high-quality project that will deliver reliable energy while providing long-term economic benefits to the local community.
“Ebor BESS will make community benefit contributions for the life of the project, and we are actively engaging with local stakeholders, trades, and service providers to ensure significant local economic activity.”